Business Bay offices

The office market now

Cushman & Wakefield Core's Q3 2026 MarketBeat reports average office rents of about AED 213 per sq ft a year, up 4% on the quarter, with occupancy around 92.4%. Very little new space was delivered in Q3. CRC Property's Q3 figures, reported by Khaleej Times, put the average secondary office transaction at about AED 1,930 per sq ft across 1,123 deals, an average pulled down by volume in Downtown Jebel Ali.

The new launches

Recent Grade A launches on the corridor include Berkeley Tower (Ellington Properties with Al Hamra, guided at an average of about AED 4,300 per sq ft on a 70/30 plan), AHS Twin Towers (the former Shangri-La, with a published handover of 30 June 2028) and the Rockefeller Business Tower. Launch prices are mostly broker quotes rather than published lists, and handover dates differ by years, so compare the handover year and payment plan as carefully as the price per foot.

Own or lease

Companies are buying as well as leasing. In September 2026 Infinity Developments bought about 20,000 sq ft of Grade A space in Business Bay for AED 60M (Gulf News), and in October Doo Group announced its third owned property in Dubai, a ready office in Regal Tower, Business Bay. The decision usually comes down to keys this year at resale prices or a new tower with a 2028 to 2031 handover.

What to check

• The completion date registered with DLD, not the brochure date.
• Gross yield on today's average rent and on a lower rent at handover.
• Service charge estimates (developers quote roughly AED 18 to 24 per sq ft on new towers).
• Whether the payment plan front-loads year one.

Related reading

• Dubai office rents rose 4% in Q3 2026. What that means for buyers of new office launches
• Berkeley Tower, Business Bay: AED 4,300 guide vs a 4,902 district median
• AHS Twin Towers: keys in 2028, not 2031. Why the handover year decides the office deal

Questions